Origin Agritech Limited (NASDAQ:SEED) filed a 424 filing showing that it is offering 280,000 shares to potential investors at a price no less than $8.80. The company is raising $2.4 million to be used for working capital and general corporate purposes.

In today’s daily morning email update, we addressed the offering and what it means for investors in SEED and those following the story.

Our coverage of SEED spans over a decade, so we know their story well, and have followed their every move, including on-site visits and discussions with executives at the company.

To familiarize yourself with our views on how we believe the SEED saga will play out, including our take on the SEED offering and implications for its stock, please go here.